Distributed or retained branch profits are taxed at a rate between 22% and 28% (see the Taxes on corporate income section). Further taxes are payable when profits are remitted to headquarters abroad.
Countries and territories considered as tax havens by tax authorities
Besides the tax haven list published by the tax authorities shown below, ‘low-tax jurisdictions’ shall be subject to the same tax treatment. ‘Low-tax jurisdictions’ are defined as a territory where the effective rate of income tax or taxes of an identical or similar nature is less than 60% of the applicable rate in Ecuador. Additional considerations are also taken by the tax authorities for determination of low-tax jurisdictions/preferential tax regimes.
|Albania||Cook Islands||Maldives||Saint Vincent and the Grenadines|
|American Samoa||Curaçao||Malta||San Marino|
|Andorra||Cyprus||Marshall Islands||Santa Elena|
|Anguilla||Dominica, Commonwealth of||Monaco||Solomon Islands|
|Antigua and Barbuda||French Polynesia||Montserrat (UK)||Sri Lanka|
|Ascension Island||Granada||Nauru||Swaziland, Kingdom of|
|Bahrain||Guyana||Norfolk Islands||Trinidad and Tobago|
|Barbados||Hong Kong||Oman||Tristan Da Cunha|
|Belize||Isle of Man||Ostrava||Tunisia|
|Bermuda||Jordan||Palau||Turks and Caicos Islands|
|Bonaire, Saba, and St. Eustatius||Kiribati||Panama||Tuvalu|
|Brunei Darussalam||Kuwait||Pitcairn||United Arab Emirates|
|Cabo Verde||Labuan||Puerto Rico||Vanuatu|
|Campione D´italia||Liberia||Qeshm Islands||Virgin Islands (British)|
|Cayman Islands||Liechtenstein||Saint Kitts and Nevis Islands||Virgin Islands of the United States|
|Channel Islands (Guernsey, Jersey, Alderney, Greater Sark, Herm, Little Sark, Brechou, Jethou, Lihou)||Luxembourg||Saint Lucia||Western Samoa|
|Christmas Islands||Macao||Saint Martin||Yemen|
|Cocos (Keeling) Islands||Madeira (Portugal)||Saint Pierre and Miquelon|
Certain tax regimes from Costa Rica, Estonia, Ireland, Montenegro, the Netherlands, New Zealand, Serbia, the United Kingdom, and the United States may be considered preferential tax regimes.